Daniel Wahl reviews The Dhandho Investor: The Low-Risk Value Method to High Returns, by Mohnish Pabrai. The Intelligent Investor by Benjamin Graham One Up On Wall Street by Peter Lynch The Little Book That Still Beats the Market by Joel Greenblatt A Random Walk Down Wall Street by Burton G. Malkiel The Dhandho Investor by Mohnish Pabrai. Best Rated Books on Investing. 47 books — 1 voter. The Art of Startup. Praise for The Dhandho Investor 'Mohnish Pabrai is a relentlessly insightful thinker who delights in decoding the esoteric world of finance and also.

The Low-Risk Value Method to High Returns. MOHNISH PABRAI. John Wiley & Sons, Inc. Pabrai Funds and there certainly wouldn't be this book. It is hard for me to overstate the influence Warren Buffett and. Thanks to Whitney Tilson for all of his editing suggestions. My friend Shai Dardashti.

A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents ho A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as 'Heads, I win!

Tails, I don't lose that much!,' 'Few Bets, Big Bets, Infrequent Bets,' Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals. “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles. But then again, all Warren Buffet claims his ideas to be- are a recap of the “value investing” principles first espoused by his mentors Graham and Dodd.

Different from Pabrai, however, Warren Buffet is incredibly articulate. In giving the ideas of Graham and Dodd new relevance, primarily through his unparalleled investment track record, as well as his ability to communicate complex ideas in clear ways, Buffet “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles.

But then again, all Warren Buffet claims his ideas to be- are a recap of the “value investing” principles first espoused by his mentors Graham and Dodd. Different from Pabrai, however, Warren Buffet is incredibly articulate.

In giving the ideas of Graham and Dodd new relevance, primarily through his unparalleled investment track record, as well as his ability to communicate complex ideas in clear ways, Buffet can rightly claim part of these principles as his own. Pabrai, however, lacks not only the instant credibility that Mr. Buffet’s track record affords him, but- and perhaps even more importantly- he lacks Mr. Buffet’s knack for analogy, euphemism, and distilling difficult ideas into digestible, deeply rich sentences. “The Dhando Investor” we are told in the “Acknowledgements” section is a “synthesis of ideas [Mr. Pabrai] has encountered in [his] readings, interactions with friends, and various experiences.”, and contains “very few original ideas.” This is perhaps a more harsh and honest criticism of his own book than anyone could provide.

His ideas are not original, which by itself is not reason to castigate anyone’s literary efforts. My only wish was simply that Mr. Pabrai went lighter on the recapitulating of others’ ideas, and heavier on how he applied the ideas of others to his own career as a fund manager. Download Wallpaper Gerak Untuk Pc Magazine. The “Dhando” in the book’s title, as we come to learn, is a “Gujariti word.” that “literally translated, means ‘endeavors that create wealth.’” Pabrai goes on, across the course of the book, to relabel all the ideas of Mr. Buffet and his predecessors as “the Dhando Way. Mortal Kombat Revelations Hack Download Free Software. ” “Now, folks, this is really good stuff- they don’t teach this at the Harvard Business School,” we are told. The thing is- “value investing” principles are something that business schools teach all around the country. Pabrai’s use of folksy vernacular, in instances such as these, comes across as diluted and misinformed.

Pabrai’s idea curation- reworking of older philosophies into a newer framework and language- is no different than what Nicolas Nassim Taleb (in “The Black Swan”), or any successful philosopher or writer for that matter, has done before him. Pabrai’s curation, however, lacks some of the intellectual acuity, clarity of language, application of first-had experiences, as well as academic rigor as the work of some of his peers (i.e. Investment managers turned authors). For a very pre-cursory look at some of the ideas that have motivated investing icons, like Mr. Buffet, in a format that is easily and quickly digestible, this book offers value.